Africa’s economic boom: Five countries to watch

South Africa, Nigeria, Angola, Ghana, and Ethiopia all have economies that are growing at a brisk pace. But their future depends on how they invest that money, writes Matthew Hawki

As competition for raw resources heats up globally, economic and political elites in the West are turning to Africa for quick and generous capital gains and for the promotion of British and American geostrategic interests.

This is not the first time that these elites have been optimistic about Africa – about a decade and a half ago “Africa experts” boosted new ….. Continue Reading

Angola’s Economic Boom Has Winners and Losers

LUANDA — As Angola is experiencing one of the fastest-growing economies in the world, its capital city, Luanda, is facing a dramatic transformation. It has become a land of opportunity for some westerners, but for some Angolans, the development of the city has a bitter taste.

The city has become a big construction site. Everywhere in Luanda, new buildings are rising from the ground, as a ballet of cranes is shaping the new skyline of the capital. Luanda is busy leaving the past behind – burying 27 years of civil war and devastation under mountains of petrodollars.

With ….. Continue Reading